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Feb 5, 2013 8:00pm EST
. it is actually a consumption tax. this was picked up by steve forbes in the 1990s. again, it didn't go anywhere. then david bradford came back. the tax was the flat tax with graduated rates. it has been published by bob cal advocating it. and if there's the fair tax, many favor that. then there is a very interesting plan, which would be a value-added tax, which would collect most of the revenue with a very high exemption level. very much like the original income tax that we had in 1913. so why do people advocate a consumption tax? some people say it promotes economic growth and competitiveness. this is a argument that talks about exports and imports come at least consumption tax, business tax variety, fairness issues and simplicity issues are often not refer to, but they were the ones who are actually stressed in the blueprint. the idea of fairness was that a consumption tax better measures income to pay over someone's lifetime, in contrast, income tax for people with the same present value of lifetime income and income tax discriminates against people who consume later in life and discriminate
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